India’s PSUs to invest $41 billion this fiscal

India’s Public Sector Undertakings (PSUs) will invest Rs.2,47,941 crore ($41.3 billion) in the current financial year that will help create a virtual investment cycle, Finance Minister Arun Jaitley said Thursday.

“To give a thrust to investment in the economy, PSUs will also play their part constructively. I am assured that the PSUs will invest through capital investment a total sum of Rs.2,47,941 crore in the current financial year to create a virtual investment cycle,” Jaitley said while presenting his maiden general budget.